- The HUI Gold Bugs index remains in corrective consolidation from August 2020, with a bounce currently in progress.
- On the near term, trends are down. On a bigger picture it is going according to plan, which is still bullish pending the completion of the ongoing cyclical reflation cycle.
- When the inflation goes stag or fails outright and economies start to struggle, gold stocks will again provide an important portfolio balance.
- Like the technicals, the fundamentals in the here and now are not good, but have the potential for change.
For further details see:
HUI Technical Status And Gold Stock Fundamentals